Section 338.5102. Standards of professional practice adopted by reference.

The standards specified in this rule are adopted in these rules by reference and are available for inspection and distribution to the public, at a cost as of the time of adoption of these rules, at the Department of Licensing and Regulatory Affairs, Bureau of Commercial Services, 2501 Woodlake Circle, Okemos, MI 48864. Copies of the standards may be obtained from the appropriate agency, organization, or association listed below.  The standards adopted are as follows:

(a)       "American Institute of Certified Public Accountants (AICPA) professional standards, as of June 1, 2011. The publication may be viewed for no charge at http://www.aicpa.org/Research/Standards/Pages/default.aspx and is available from the American Institute of Certified Public Accountants (AICPA) at 220 Leigh Farm Road, Durham, NC 27702-8110, or by calling 1-888-777-7077.   Cost: $155.00 for members;

$193.75 for non-members.

(b)    The standards issued by the Public Company Accounting Oversight Board (PCAOB) in the publication entitled "PCAOB Standards and Related Rules,” as of January, 2011. A copy of the publication may be viewed for no charge at http://pcaobus.org/Pages/default.aspx and may be purchased from the AICPA pursuant to subdivision (a) of this subrule.  Cost: $125.00 for members; $156.25 for nonmembers.

(c)    The auditing standards issued by the Government Accountability Office in the publication entitled "Government Auditing Standards," as of December, 2011. The publication may be downloaded and viewed for no charge at http://www.gao.gov/assets/590/587281.pdf and is available from the Government Accountability Office at U.S. Government Printing Office, P.O. Box 979050, St. Louis, MO 63197-9000, or by calling 1-866-512-1800.  Cost: $16.00.

(d)  The auditing standards issued by the International Auditing and Assurance Standards Board (IAASB) in the publication entitled “2012 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements” as of July 31, 2012. The publication may be viewed for no charge at http://www.ifac.org/auditing-assurance/publications-resources and is available from the International Federation of Accountants (IFAC) at 529 5th Avenue, 6th Floor, New York,

New York 10017; or by calling 1-212-286-9344.   Cost: $160.00

(e)     The accounting standards issued by the Financial Accounting Standards Board (FASB) in the publication entitled “FASB Accounting Standards Codification” as of October 31, 2011. The publication may be viewed for no charge at https://asc.fasb.org/ and is available from the FASB at 401 Merritt 7, PO Box 5116, Norwalk, CT 06856- 5116, or by calling 1-800-748-0659.  Cost: $215.00.

(f)   The accounting standards issued by the Governmental Accounting Standards Board (GASB), in the publication entitled “GASB Codification” as of June 30, 2011. The publication is available for purchase at www.gasb.org/store. Cost: $100.00.

(g)   The accounting standards issued by the International Accounting Standards Board (IASB) in the publication entitled “IFRS 2012 (Red Book)” as of January 1, 2012, may be viewed for no charge from the International Financial Reporting Standards (IFRS) Foundation at http://www.ifrs.org/IFRSs/Pages/IFRS.aspx and is available for purchase at http://shop.ifrs.org.   Cost: $94.16.

History: 2007 MR 22, Eff. Mar. 1, 2008; 2013 AACS.